Home > Uncategorized > Hotels heading for a crisis?

Hotels heading for a crisis?

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Whilst researching this short piece, I came across this remarkable piece of sixties innovation. A hotel on top of a multi story car park. Needless to say, it was not a success.

This week Moore Stephens have communicated a pretty dire warning regarding the Hotel sector. There could well be some substance in their claims with the national living wage eating into margins as well as driven competition through price comparison websites. On the other hand the websites have been around for some time now and surely the impact of the cheaper pound must continue to drive tourism?

 

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